• India: HDFC Mutual Fund, six others to hit the markets seeking to raise $2b July 16, 2018 12:31 am
    The seven IPOs are aimed at funding business expansion, working capital requirements and repayment of loans. They will also provide partial exits to shareholders, including private equity and venture capital investors. The post India: HDFC Mutual Fund, six others to hit the markets seeking to raise $2b appeared first on DealStreetAsia.
    Livemint
  • India’s capital market regulator proposes tightening rules for auditors, valuers July 16, 2018 12:09 am
    Auditing lapses have caused several frauds to go unnoticed for years and the capital market regulator has had no direct control on the auditing firms. The post India’s capital market regulator proposes tightening rules for auditors, valuers appeared first on DealStreetAsia.
    Swati Bhat
  • Paktor parent M17 Entertainment officially withdraws US IPO July 15, 2018 11:00 pm
    In a statement, M17 Entertainment said it has notified the NYSE of its decision to withdraw the American depositary shares representing its ordinary shares from listing. The post Paktor parent M17 Entertainment officially withdraws US IPO appeared first on DealStreetAsia.
    Mars Woo
  • Hong Kong tutoring firm Bexcellent soars 31% in listing debut July 13, 2018 5:45 am
    Bexcellent raised HK$135 million in its initial public offering after pricing shares near the top of a marketed range. That’s a contrast to Xiaomi Corp. which priced its initial public offering at the low end two weeks ago. The post Hong Kong tutoring firm Bexcellent soars 31% in listing debut appeared first on DealStreetAsia.
    Fox Hu
  • Viva Energy debuts on Australian bourse below issue price July 13, 2018 5:39 am
    This is Australia's biggest initial public offering in nearly four years. The post Viva Energy debuts on Australian bourse below issue price appeared first on DealStreetAsia.
    Reuters
  • M Cash subsidiary NFC Indonesia debuts on IDX, raises $21m July 13, 2018 4:58 am
    NFC becomes the third Indonesian startup to list on the stock exchange after O2O e-commerce firm Kioson and digital kiosk firm M Cash Integrasi. The post M Cash subsidiary NFC Indonesia debuts on IDX, raises $21m appeared first on DealStreetAsia.
    Ardi Wirdana
  • Chinese home loan provider CNFinance seeks to raise $200m in US IPO July 13, 2018 1:09 am
    CNFinance, which claims to be the second largest home equity loan service provider among non-traditional financial institutions in China, booked $581 million in revenue for the 12 months ended March 31, 2018. The post Chinese home loan provider CNFinance seeks to raise $200m in US IPO appeared first on DealStreetAsia.
    Mars Woo
  • Special effects maker VHQ Media plans Hong Kong IPO for China unit July 12, 2018 5:56 am
    The Taipei-listed visual effects company expects to be ready for an initial public offering in the next 12 to 18 months The post Special effects maker VHQ Media plans Hong Kong IPO for China unit appeared first on DealStreetAsia.
    Bloomberg News
  • US-based Weyland Tech to spin off Indonesia-focused e-wallet business AtozPay July 12, 2018 5:54 am
    It has given a mandate to PwC to advise it on the spinoff and IPO structure as well as ongoing audit functions for the e-wallet business. The post US-based Weyland Tech to spin off Indonesia-focused e-wallet business AtozPay appeared first on DealStreetAsia.
    Quynh Nguyen
  • Apparel brand W parent TCNS targets to raise $163m in IPO, TA to pare stake July 12, 2018 4:27 am
    TA Associates is selling 11.27% stake that will fetch ₹495 crore at the upper end of the price band. TA Associates holds 40.6% in TCNS Clothing. The post Apparel brand W parent TCNS targets to raise $163m in IPO, TA to pare stake appeared first on DealStreetAsia.
    Swaraj Singh Dhanjal
  • Tiger Global buys over $1b worth stake in SoftBank July 11, 2018 3:45 pm
    Tiger Global told investors in a letter that the Japanese conglomerate is trading at a steep discount to its net asset value, with its share price failing to reflect the appreciation of its assets The post Tiger Global buys over $1b worth stake in SoftBank appeared first on DealStreetAsia.
    Katia Porzecanski
  • Viva Energy prices at low end for Australia’s largest IPO in four years July 11, 2018 8:15 am
    The first half of this year has marked the busiest period for Australian issuers since early 2007. The post Viva Energy prices at low end for Australia’s largest IPO in four years appeared first on DealStreetAsia.
    Sonali Paul
  • Juneyao Airlines acquires 5% stake in China Eastern for $1.9b July 11, 2018 7:53 am
    Juneyao Airlines and its controlling shareholder Juneyao Group are expected to own more than 5 percent stake in China Eastern The post Juneyao Airlines acquires 5% stake in China Eastern for $1.9b appeared first on DealStreetAsia.
    Jamie Freed
  • Vietnam Digest: JA Solar gets loan from Chinese bank; Nawaplastic ups stake in BMP July 11, 2018 6:31 am
    JA Solar Vietnam has signed a $68 million credit loan with China’s Minsheng Bank while Thailand's Nawaplastic continues to lift its ownership in Vietnam's plastic producer. The post Vietnam Digest: JA Solar gets loan from Chinese bank; Nawaplastic ups stake in BMP appeared first on DealStreetAsia.
    Quynh Nguyen
  • Toutiao-owner Beijing Bytedance eyes HK IPO at $45b valuation: Report July 11, 2018 1:01 am
    Bytedance, which was valued at more than $20 billion in an equity fundraising round in late 2017, is considering an IPO in Hong Kong, although details on how much it intends to raise were still unavailable. The post Toutiao-owner Beijing Bytedance eyes HK IPO at $45b valuation: Report appeared first on DealStreetAsia.
    Mars Woo
  • China Eastern Airlines to raise up to $2.2b in share sale July 10, 2018 3:41 pm
    China Eastern Airlines Corp will use the proceeds to expand its fleet and to replenish working capital The post China Eastern Airlines to raise up to $2.2b in share sale appeared first on DealStreetAsia.
    Min Zhang
  • Indonesia state-owned infra firm SMI raises $105m in green bonds July 10, 2018 7:31 am
    In February, Indonesia became the first Asian country to sell "green" bonds internationally in a $1.25 billion deal. The post Indonesia state-owned infra firm SMI raises $105m in green bonds appeared first on DealStreetAsia.
    Cindy Silviana
  • Australia’s Macquarie Bank becomes major shareholder in Vietnam’s Yeah1 July 10, 2018 6:02 am
    Macquarie Bank purchased over 1.572 million shares, equivalent to 5.74 per cent of Yeah1’s charter capital. The post Australia’s Macquarie Bank becomes major shareholder in Vietnam’s Yeah1 appeared first on DealStreetAsia.
    Quynh Nguyen
  • Online grocer BigBasket targets $1b gross sales run rate by end of fiscal year July 10, 2018 4:16 am
    Bigbasket had raised $300 million in primary and secondary capital from Alibaba Group earlier this year. The post Online grocer BigBasket targets $1b gross sales run rate by end of fiscal year appeared first on DealStreetAsia.
    Anirban Sen
  • Li Ka-shing-backed fintech firm WeLab files for Hong Kong IPO July 10, 2018 12:29 am
    WeLab, founded in 2013, was said to be seeking $500 million in its Hong Kong IPO. The post Li Ka-shing-backed fintech firm WeLab files for Hong Kong IPO appeared first on DealStreetAsia.
    Mars Woo
  • SoftBank to buy $2b of Yahoo Japan shares from Altaba July 9, 2018 11:58 pm
    After the transactions, the stake held by SoftBank Group and its units will rise to 48.17% from 42.95% now, and Altaba will have about 27%. The post SoftBank to buy $2b of Yahoo Japan shares from Altaba appeared first on DealStreetAsia.
    Chris Gallagher
  • SoftBank’s Japanese telecom unit applies for Tokyo listing July 9, 2018 9:38 am
    The move was expected after the conglomerate said this year it was making preparations for a listing. The post SoftBank’s Japanese telecom unit applies for Tokyo listing appeared first on DealStreetAsia.
    Chris Gallagher
  • Xiaomi’s tepid debut signals trouble for upcoming HK tech listings July 9, 2018 1:45 am
    Xiaomi shares closed at HK$16.80, having touched a low of HK$16 in early trade, compared to the IPO price of HK$17 per share. The post Xiaomi’s tepid debut signals trouble for upcoming HK tech listings appeared first on DealStreetAsia.
    Julie Zhu
  • Thai billionaire seeks to raise ownership in Vinamilk to 21% July 9, 2018 1:02 am
    F&N Dairy Investments, owned by Thai billionaire Charoen Sirivadhanabhakdi, is expected to shell out over VND2.3 trillion ($101.2 million) to increase its stake in Vinamilk. The post Thai billionaire seeks to raise ownership in Vinamilk to 21% appeared first on DealStreetAsia.
    Quynh Nguyen
  • India sees fundraising via IPOs double to $3.4b in first half of 2018 July 8, 2018 11:25 pm
    The outlook is bullish for the rest of the year as well, with 50 companies—including HDFC Mutual Fund, Lodha Developers and Rail Vikas Nigam—expected to launch their initial share sales. The post India sees fundraising via IPOs double to $3.4b in first half of 2018 appeared first on DealStreetAsia.
    Livemint
  • Vietnam raises $940m from IPOs in first half of 2018 July 8, 2018 5:48 pm
    Experts predict a faster equitization process in the second half of the year but it will be difficult to meet the government's annual target. The post Vietnam raises $940m from IPOs in first half of 2018 appeared first on DealStreetAsia.
    Quynh Nguyen
  • Tencent plans spinoff, US listing of online music business July 8, 2018 1:10 pm
    Tencent Music Entertainment Group has picked banks to advise on a planned initial public offering in the U.S. that could raise at least $1 billion. The post Tencent plans spinoff, US listing of online music business appeared first on DealStreetAsia.
    Carol Zhong
  • Realty services firm E-House secures Alibaba as cornerstone investor for $727m IPO July 6, 2018 9:40 am
    China Evergrande Group, China Vanke and Country Garden Holdings are the other three cornerstone investors, each owning 15% of the company prior to the planned deal. The post Realty services firm E-House secures Alibaba as cornerstone investor for $727m IPO appeared first on DealStreetAsia.
    Crystal Tse
  • Japan’s Taisho ups stake in Vietnam-listed DHG Pharma to 32% July 6, 2018 4:34 am
    The Japanese pharma player has proposed to purchase an additional 7.06 per cent stake in the Vietnamese firm. The post Japan’s Taisho ups stake in Vietnam-listed DHG Pharma to 32% appeared first on DealStreetAsia.
    Quynh Nguyen
  • Preparations to list Saudi Aramco said to have stalled July 5, 2018 11:29 pm
    The company's public listing is a part of Saudi Arabia's plan to open its economy but a senior Aramco executive told the WSJ that "everyone is almost certain it (IPO) is not going to happen". The post Preparations to list Saudi Aramco said to have stalled appeared first on DealStreetAsia.
    Anirban Paul
  • Sri Lanka launches listing for small businesses to revive floundering economy July 5, 2018 4:19 pm
    Small and medium businesses account for 52% of the country's $87-billion economy and most of them are struggling to continue their ventures in the face of higher borrowing costs. The post Sri Lanka launches listing for small businesses to revive floundering economy appeared first on DealStreetAsia.
    Shihar Aneez
  • Xiaomi off to a rocky start as IPO draws bids at 9.4% discount in grey market July 5, 2018 10:44 am
    The company is the first in Hong Kong to sell shares with a dual-class structure since the city changed its rules to allow founders to keep outsized voting rights, although that means the stock won’t be included in MSCI Inc.’s global benchmarks. The post Xiaomi off to a rocky start as IPO draws bids at 9.4% discount in grey market appeared first on DealStreetAsia.
    Sofia Horta e Costa
  • Fosun obtains approval to spin off tourism unit including Club Med July 5, 2018 4:02 am
    Fosun has been assembling a tourism and leisure empire over the last few years, scooping up French resort operator Club Med for $1.3 billion in 2015. The post Fosun obtains approval to spin off tourism unit including Club Med appeared first on DealStreetAsia.
    Bloomberg News
  • Australia’s medical cannabis firm AusCann raises $25m via placement July 5, 2018 3:01 am
    Based in Australia, AusCann seeks to produce clinically validated cannabinoid medicines. The post Australia’s medical cannabis firm AusCann raises $25m via placement appeared first on DealStreetAsia.
    Mars Woo
  • Asian pension funds cut back on stocks as U.S. and China fight July 5, 2018 12:23 am
    Australia’s largest pension manager will cut its equities exposure over the next 12 months, moving more money into fixed income and cash. A Thai fund will avoid developing countries’ shares and bonds, and a Philippines counterpart is balking at investing in its own nation’s stock market. The post Asian pension funds cut back on stocks as U.S. and China fight appeared first on DealStreetAsia.
    Moxy Ying
  • Indonesian media firm Net Visi plans $14m IPO in August July 4, 2018 11:39 am
    The company has already raised 800 billion rupiah in convertible bonds, which will be converted to shares upon listing. The post Indonesian media firm Net Visi plans $14m IPO in August appeared first on DealStreetAsia.
    Cindy Silviana
  • Thailand’s regulator issues new regulations on digital token offerings July 4, 2018 11:23 am
    Issuers can only offer tokens to retail investors of up to 300,000 baht ($9,050) each. The post Thailand’s regulator issues new regulations on digital token offerings appeared first on DealStreetAsia.
    Orathai Sriring
  • Four firms file draft share sale documents with Indian regulator to raise up to $625m July 3, 2018 1:04 am
    The biggest IPO is expected from Chalet Hotels Ltd, backed by Mumbai-based real estate group K Raheja Corp. Others who have filed IPO prospectuses include The LaLiT hotel chain owner Bharat Hotels Ltd, Multiples PE backed Milltec Machinery Ltd and business to business (B2B) e-commerce firm IndiaMART InterMESH Ltd. The post Four firms file draft share sale documents with Indian regulator to raise up to $625m appeared first on DealStreetAsia.
    Swaraj Singh Dhanjal
  • Chinese-owned online browser Opera files for $115m US IPO July 3, 2018 12:03 am
    Bitmain, IDG Capital Fund, and IDG Capital Investors have agreed to purchase $50 million, $9.53 million, and $471,000, respectively, worth of Opera's ordinary shares. The post Chinese-owned online browser Opera files for $115m US IPO appeared first on DealStreetAsia.
    Mars Woo
  • Indian IPOs in 2018 aimed at offering exit route to PE funds, shows data July 2, 2018 10:41 am
    IPO pipeline looks robust for the year, but the fundraising for capital expansion may take time. The post Indian IPOs in 2018 aimed at offering exit route to PE funds, shows data appeared first on DealStreetAsia.
    Nasrin Sultana
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